Treasury manager from Bank of Ayudhya revealed that the baht closed this evening at 36.96 baht / dollar, depreciating from The market opened in the morning at 36.88 baht/dollar. Intraday, the baht moved in the range of 36.85 – 36.97 baht/dollar, in line with regional currencies.
“The baht swings sideways in a narrow range in the same direction as the regional currencies. Markets await the outcome of the Fed meeting tomorrow. As for the case where the Deputy Prime Minister ordered to monitor the baht, the effect was limited. The market continues to invest cautiously. not pouring to one side,” said the treasury.
treasury Assessing the movement of the baht tomorrow at 36.90 – 37.05 baht / dollar
- important factor
- The yen was at 143.72 yen/dollar from the morning’s 143.10 yen/dollar level.
- The euro was at $1.0004/euro from 1.0038 in the morning.
- The SET index closed today at 1,638.59 points, up 7.02 points, +0.43%, trading value 65,130.39 million baht.
- Group Trading Volume Summary Foreigners buy net 414.62 million baht (SET+MAI)
- General Prawit Wongsuwan, Deputy Prime Minister has ordered the Ministry of Finance and Bank of Thailand
(BOT) closely monitors the Thai baht situation and a meeting to hear opinions from all concerned parties to be used as a policy on
various stabilization
- President of the Center for Economic and Business Forecasting University of the Thai Chamber of Commerce believe that the baht’s swing in the frame
37.00-37.50 baht/dollar should still happen in the short term within 1 month, but following that Exports are still good return travel
came in and the Bank of Thailand began to raise interest rates. and make the gap between US interest rates and Thailand are not much different. believe that the baht
Probably won’t drop 37.00 baht/dollar too far and may return to the range of 36.50-37.00 baht/dollar at the end of 4Q22.
- The Cabinet meeting (Cabinet) approved the draft announcement of the Ministry of Interior. Extending the period of stay in the Kingdom
For certain types of aliens entering Thailand The implementation period is from 1 Oct. 65-31 Mar. 66 in order to encourage
There is a rise in travel to Thailand and increase the expenses of tourists during their stay in Thailand. which will be a revival
Tourism economy and remedy the impact of the Covid-19 epidemic situation
- The Cabinet has resolved to reduce contributions to the Social Security Fund under Section 33 for both employers and employees for a period of 3 months (Oct.-
Dec. 65) from the original collected at a rate of 5% to 3%, and for the insured, Section 39 will reduce the payment to the fund from 432 baht.
240 baht for a period of 3 months as well to alleviate the burden of employers and insurers in accordance with the conditions
Economy and cost of living
- Swedish Central Bank Or Riksbank has voted to raise the policy rate 1% to 1.75% today (20
Sept) as an action that surprised the market. ready to warn that May raise interest rates once more in the future to extract money
soaring inflation
- Switzerland’s Secretariat for State Economic Affairs (SECO) has downgraded its forecast for the country’s economic growth.
Down sharply today (Sept. 20) citing risk factors from the situation of rising energy tensions and inflation.
- Investors are waiting to see the outcome of the Federal Reserve (Fed) and Bank of Japan (BOJ) policy meetings to assess the direction.
future interest rates
